Sudan's Annual Inflation Rate Rises to 193% in July
TEHRAN (Tasnim) – Sudan's annual inflation rate jumped to 193.94 percent in July, up from 158.16 percent in June, the country's Central Bureau of Statistics said in a statement on Tuesday.
The inflation rate in urban areas rose to 181.70 percent in July compared to 155.89 percent in June, while in rural areas, it surged to 202.25 percent in July from 159.43 percent in June, Xinhua reported.
According to the statement, the inflation rates declined in six states and rose in 12 states in July, with Kassala State recording the highest increase rate of 700.56 percent compared to 383.12 percent in June.
Sudan has been ravaged by a deadly conflict between the Sudanese Armed Forces and the paramilitary Rapid Support Forces since mid-April 2023.
The conflict has severely affected the country's economy, contributing to soaring inflation, rising unemployment, increased poverty, and a depreciation of the national currency.
